Banking

Online Savings and Interest Checking Accounts: Where are the Good Deals?

Posted by Sun on October 9, 2007 (22) Comment

Several months ago, I had a post comparing savings and interest checking accounts that offered by online banks. After last month’s rate reduction by the Federal Reserve, we have seen many online banks lowered their interest rates in the past couple of weeks. The following is an updated list of online bank offers.

Bank
Savings APY
Minimum
Checking [...]

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HSBC Dropped Rate for Online Savings Account

Posted by Sun on September 26, 2007 (13) Comment

HSBC Direct, another popular online bank that offers high yield savings accounts, has just lowered its interest rate to 4.50% from 5.05% APY following last week’s Fed rate cut. The 55 basis points reduction is by large the largest among major online banks. Last week, ING Direct reduced interest rate for its Orange Savings account [...]

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ING Direct Lowered Interest Rates

Posted by Sun on September 19, 2007 (5) Comment

Got an email from ING Direct this morning with their new interest rates less than 24 hours after the Fed cut its benchmark interest rate. The ING Orange Savings account used to pay 4.50% APY. The new rate, effective September 19, 2007, is 4.30% APY. Meanwhile, yields for their Electric Orange checking accounts are also [...]

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Another $25 Bonus for Opening an ING Direct Oragne Savings Account

Posted by Sun on September 15, 2007 (3) Comment

There’s another $25 bonus in the October issue of Kiplinger’s Personal Finance for opening an ING Direct Orange Savings account before November 30, 2007.
ING Direct is a leading online bank which offers high-yield savings account (4.50% APY) and interest bearing checking account (4.00% APY). If you are not familiar with ING Direct, here’s a story [...]

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Bank of America Raised ATM Fees for Non-Customers

Posted by Sun on September 13, 2007 (3) Comment

If you are not a Bank of America customer, but used their ATMs to get cash recently, you probably have already noticed that you paid more in fees now than before because BoA has raised fees it charges non-customers for using its ATMs from $2 to $3, the highest such fee among major banks.
According to [...]

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